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Report Overview

The global biosimulation market size was valued at USD 3.50 Billion in 2024, with North America holding a substantial market share. The market is driven by technological advancements in the biosimulation software. It is expected to grow at a CAGR of 16.90% during the forecast period of 2025-2034, with the values likely to attain USD 16.68 Billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • With over 2 million new cases of cancer projected to occur in the United States in 2024, biosimulation stands as a promising approach to accelerate oncology drug development and tackle the rising burden of the disease.

  • In December 2024, Certara, Inc. acquired Applied BioMath to industrialize quantitative systems pharmacology (QSP) biosimulation methods. Increased merger and acquisition initiatives among the key market players are expected to make biosimulation software more accessible and augment the North America biosimulation market share in the forecast period.

  • The market is witnessing increased biosimulation applications in the drug development process. In January 2023, Cellworks announced the launch of two business units that will employ its in-house biosimulation and computational biosimulation model (CBM) to streamline clinical trials and save time and money in drug development processes.

Compound Annual Growth Rate

Value in USD Billion

16.9%

2025-2034


North America Biosimulation Market Outlook

*this image is indicative*

North America Biosimulation Market Analysis

Biosimulation is a robust tool that can simulate complex biological systems, allowing researchers to predict drug behavior, reduce time and costs associated with drug development, and optimize treatment strategies. In North America, biosimulation services and software are increasingly employed for disease modeling, risk assessment of pharmaceutical products, and toxicology, among others. The expansion of biosimulation applications in various domains is likely to boost the North America biosimulation market growth in the coming years.

According to the American Cancer Society, over 2 million new cases of cancer are projected to occur in the United States in 2024. Moreover, cancer would be responsible for more than 611,000 deaths in the region in 2024. Biosimulation can predict long-term outcomes of therapies for chronic diseases including cancer, thus, it stands as a promising approach to accelerate oncology drug development and tackle the rising burden of the disease. Consequently, the market share for biosimulation systems is expected to rise in the forecast period.

One of the major North America biosimulation market trends is the increased merger and acquisition initiatives among the key market players. In December 2024, Certara, Inc. (a United States-based biotechnology company specializing in biosimulation software and technology) acquired Applied BioMath (a leading developer of mathematical modeling and biosimulation platforms in the United States) to industrialize quantitative systems pharmacology (QSP) biosimulation methods by sharing scientific and computational expertise from the companies’ existing biosimulation and artificial intelligence portfolios. This acquisition will allow the combined teams to make QSP biosimulation approach, which can predict biomarkers, endpoints, and optimal dosing regimens, more accessible and available across the industry. The rising access to such biosimulation platforms that can lead to safer drug development is expected to elevate the market value in the forecast period.

North America biosimulation market demand is driven by advancements in computational power and software capabilities that are resulting in accurate biosimulation and accelerated drug development timelines. Such advancements are encouraging leading biosimulation companies to expand their business domains and customer base. In January 2023, Cellworks, a life sciences technology company in the United States, announced the launch of two business units that will employ its in-house biosimulation and computational biosimulation model (CBM) to streamline clinical trials and save time along with money in the drug development processes. Thus, the new business will be focusing on silico approaches to test potential precision oncology drugs and deliver the new therapies to patients faster. This also indicates a rising utilization of biosimulation methods in the drug development process, which is likely to fuel market growth in North America.

North America Biosimulation Market Segmentation

"North America Biosimulation Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup Product

  •  Software
  •  Services
  •  Others

Market Breakup Delivery Model

  •  Subscription Model
  • Ownership Model
  •  Others

Market Breakup Application

  •  Drug Development
  •  Drug Discovery
  •  Others

Market Breakup End User

  •   Pharmaceutical and Biotechnology Companies
  •  Contract Research Organization
  •   Academic and Research Institutes
  •   Others

Market Breakup Region

  • United States of America
  • Canada

North America Biosimulation Market: Competitor Landscape

The key features of the market report include patent analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

  • Dassault Systems
  • VeriSIM Life
  • Certara Inc
  • Genedata AG
  • SimBioSys
  • Physiomics PlC
  • INOSIM Software Gmbh
  • Schrodinger Inc.
  • Simulation Plus Inc.
  • Cadence Design Systems, Inc (OpenEye Scientific)

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

North America Biosimulation Market Report Snapshots

North America Biosimulation Market Size

North America Biosimulation Market Analysis

North America Biosimulation Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The North America biosimulation market is expected to be driven by the rising demand for the global biosimulation market, which is anticipated to grow at a CAGR of 16.90% during the forecast period of 2025-2034 and is likely to reach a market value of USD 16.68 Billion by 2034.

The growing prevalence of chronic diseases along with the rising healthcare expenditure in the region are fuelling the demand for the market.

One of the significant trends in the market is the increased merger and acquisition initiatives among the key market players. In December 2024, Certara, Inc. acquired Applied BioMath to industrialize quantitative systems pharmacology (QSP) biosimulation methods.

Based on the product, the market is segmented into software and services, among others.

By delivery model, the market is divided into subscription model and ownership model, among others.

End users of the market are pharmaceutical and biotechnology companies, contract research organizations, along with academic and research institutes, among others.

Major application areas of biosimulation include drug development and drug discovery, among others.

The market segmentation by countries includes the United States of America and Canada. 

The key players in the market are Dassault Systems, VeriSIM Life, Certara Inc, Genedata AG, SimBioSys, Physiomics PlC, INOSIM Software Gmbh, Schrodinger Inc., Simulation Plus Inc., and Cadence Design Systems Inc. (OpenEye Scientific).

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Delivery Model
  • Application
  • End User
  • Region

 

Breakup by Product
  • Software
  • Services
  • Others
Breakup by Delivery Model
  • Subscription Model
  • Ownership Model
  • Others
Breakup by Application
  • Drug Development
  • Drug Discovery
  • Others
Breakup by End User
  • Pharmaceutical and Biotechnology Companies
  • Contract Research Organization
  • Academic and Research Institutes
  • Others
Breakup by Region
  • United States of America
  • Canada
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • PESTEL Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Company News and Developments
    • Certifications
Companies Covered
  • Dassault Systems
  • VeriSIM Life
  • Certara Inc
  • Genedata AG
  • SimBioSys
  • Physiomics PlC
  • INOSIM Software Gmbh
  • Schrodinger Inc.
  • Simulation Plus Inc.
  • Cadence Design Systems, Inc (OpenEye Scientific) 

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